current speculation, page-5

YES you have misread

The company has just announces that with its increased production out of Cascade an Takitumu it is now cash flow positive on a company basis.

It is hunkering down for a prolonged fight while negotiating for a timely outcome

It now seems like annual production out of Cascade is at the annual rate of approx 170,000 tonnes with all production going to Holcim. The Canterbuty rebuild will ensure that Holcim takes all of the Cascade production for some time to come. This is at a Margin of approx $100 per tonne

The previous two qtrs do not reflect this as

The Jan qtr was a period of Ramp up

The Dec Qtr was largely completing overburden removal

So in short you selection of quoted reading to reference in your post is lacking depth

Viney